Dutch investment giant APG pumps $1 billion into Australian renewables platform
Dutch pension fund giant APG Asset Management has committed more than $1 billion to expand the renewable energy platform of developer Octopus Australia.
CSIRO report shows firmed renewables remain lowest-cost option
Australia’s national science agency has reaffirmed its assessment that solar and wind energy backed by storage and transmission remain the lowest-cost new-build electricity generation technologies.
Tindo teams with UNSW to boost TOPCon cell performance
South Australia-headquartered solar panel manufacturer Tindo Solar will work with the University of New South Wales to accelerate the development of TOPCon solar cell technologies, targeting improvements in reliability and performance.
CleanPeak secures $500 million to grow solar and storage platform
Global investment firm KKR has committed $500 million to partner with Australian renewables company CleanPeak Energy and support the growth of its distributed energy platform, focusing on solar, battery energy storage, and microgrid solutions.
Perth battery manufacturer plans major expansion
Perth-based energy storage and off-grid power system specialist Magellan Power has launched a $15 million funding round to boost its manufacturing capabilities and support a “significant expansion” of its operations across Australia.
BP backs out of 26 GW green hydrogen plan in WA’s Pilbara
Global oil giant BP has quit the proposed Australian Renewable Energy Hub that would include the installation of up to 26 GW of solar and wind generation, much of which would have been used to produce green hydrogen and ammonia.
Global average solar LCOE stood at $0.065/kWh in 2024, says IRENA
The International Renewable Energy Agency’s latest report finds little change in the global average levelised cost of electricity for utility-scale solar plants year-on-year, while the global average total installed cost of utility-scale solar projects fell by 11%.
World’s highest court issues groundbreaking ruling for climate action. Here’s what it means for Australia
The world’s highest court says countries are legally obliged to prevent harms caused by climate change, in a ruling that repudiates Australia’s claims it is not legally responsible for emissions from our fossil fuel exports.
Calix green iron demonstration plant progresses with $44 million backing
Sydney-headquartered sustainability solutions company Calix Limited has secured a $44.9 million grant to build a zero emissions steel technology green iron demonstration plant in Australia.
Greenbank battery kicks off commercial operations to support 66,000 homes
The CS Energy Greenbank Battery in southeast Queensland has been regularly charging and discharging since beginning commercial operations in June, providing reliability and capability to the grid.
